Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low (DOWN -1.9% YoY)
by confoundedinterest17 After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM …